Learning to find a great properties when the picking are slim, can be a great tool at least it has worked for me on a number of properties.

Kevin Yoo Can you give us an example of the slim deals wholesalers are bringing you?

For some properties, it is simply not worth the time to submit an offer significantly below list price, because the chances of it being accepted are slim to none.For example:- Fannie Mae REOs: I have never seen FNMA come down more than 30% from the current asking price.

You can see people operating on slim margins that come nothing close to that rule.

If they didn't leave a message the chances of them being motivated is slim.

I think I could slim it down to an hour by having people enter their own timesheets and workorders.It's taken a lot of time; there's probably a hundred thousand lines of Perl.

The axiom "Pigs get fed, hogs get slaughtered" is clearly in play there. 50k for a wholesale is ridiculous - especially when you're leaving the investor with such a slim margin.

You have a few options1) wholesale the property and collect a few thousand dollars to help build toward buying a deal yourself 2) See if the seller will do a carry back of the total downpayment amount or a partial amount (assumes you can qualify for the loan)3) See if seller will 100% finance (chances are slim but not impossible)4) Borrow the downpayment from someone (assumes you can qualify for the loan)5) Bring in a partner on the deal and split the equity.

@Douglas SpenceGetting things up to date will help, painting is the greatest return for DIY in my opinion, but adding square footage, converting a bedroom or bathroom really raises the appraisal up, otherwise you’re squeezing to get that high price per square foot with what you have, but limited to the comps in your area, which are often slim with MFHs.

Any possible flip opportunity gets multiple offers and winning offers usually have slim margins.